Conoco Phillips seizes Caribbean assets of Petroleos de Venezuela (PDVSA) to force the state-run company to pay US$2 billion for the concept of damages caused to the American oil giant by the Venezuelan government’s unilateral step to nationalize hydrocarbons assets back in 2007, under the government of late president Hugo Chavez.

The resolution emitted […]

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While PEMEX is going to great lengths to commit to its market-bolstering obligations, some of Mexico’s liberalized oil and gas market ambitions seem to be grasping at straws. Meanwhile, gasoline prices remain shielded from international markets. It was certainly a busy week for Mexico’s productive enterprise of the state and for the international oil and […]

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MEXICO

 

PEMEX joins forces with private players

The Mexican productive enterprise of the state dominated shallow waters’ Round 3.1, winning seven contract areas. Six contract areas were awarded with consortiums and one as lone player. For a detailed analysis of Round 3.1, click here.

Alfa to close close partial […]

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PEMEX wins seven contracts, while DEA Deutsche, CEPSA, Premier Oil and Total take three contracts each

 

 

The Process

 

 

Mexico’s NOC, PEMEX, walked away from Round 3.1 with seven contracts on Tuesday, leading a pack that included DEA Deutsche, CEPSA, Premier Oil and Total with three contracts each.

The official results […]

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